The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sector this year, spiked on Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Some operators are cashing in on the CBD craze by substituting cheap and illegal synthetic marijuana for natural CBD in vapes and edibles such as gummy bears, an AP...Health and Scienceread more
Attack on Saudi oil facilities shows that 'risk is real', Chevron CEO Michael Wirth said on CNBC's "Closing Bell" Monday.Marketsread more
J.P. Morgan's chief quant says oil prices would start to hurt stock prices when they hit the $80 to $85 range.Market Insiderread more
Walmart said Monday it's relaunching the once-beloved trendy New York fashion brand, Scoop NYC, on its website nationwide and in select stores.Retailread more
U.S. policymakers need comprehensive, unbiased research if they are to adequately address America's racial inequality, Harvard sociologist William Julius Wilson told CNBC on Thursday.
Wilson's call for research follows two years of political unrest that have swept the nation following controversies, such as the fatal police shooting of black motorist Philando Castile in Minnesota and the Flint, Michigan, water crisis.
"People have been exposed to multiple and reinforcing hardships — racial hardships and economic hardships," Wilson told "Squawk Box." "What we hope to do is to analyze these problems at once."
Wilson is currently leading "Multidimensional Inequality in the 21st Century: the Project on Race and Cumulative Adversity," a study of poverty, crime, housing and homelessness funded by a $10 million grant from the Hutchins Family Foundation.
"Our goal is to provide information to policymakers who want to make good decisions," said Wilson. "If they have the information, we can decide how to attack the problem."
Glenn Hutchins, chairman of North Island — the investment firm that manages his personal wealth — is also the benefactor of Harvard's Hutchins Center for African & African American Research.
Hutchins echoed Wilson comments, telling CNBC in the same interview: "We have the opportunity to do non-ideological, evidence-based policy making."
The study would provide direction amid the country's tumultuous political climate, said Hutchins, a former Bill Clinton advisor and co-founder of technology investment powerhouse Silver Lake Partners.
Hutchins hopes his family foundation's grant will ensure that Wilson and his colleagues can "create the type of policies that can pragmatically get at this complex problem."